Originally Posted by
Globalist on points
I have been signing up for Ink's since 2017, and have opened (and closed) 15 between myself and my spouse using SSNs and EINs. I repeat it year after year by taking a slow and measured approach and operating within the banks own rules. I think it makes sense to keep up re-earning Globalist for at least a couple of more years, but at some point I will step away from Hyatt a little to use some of my points in other programs. I am sitting on 3.5 million points across all my accounts, I just find Chase UR/Hyatt by far the easiest to spend for high value.
I'm sorry if this has come across as bragging. That was not my intention. I was genuinely curious if anyone else was taking the same approach as me to exclusively book high-end resorts on points. It seems that I may be an outlier. I think people that churn cards to the level I do are more likely to cash them out for $, but that takes some of the fun out of it for me.
It’s pretty mid blowing that Chase has been willing to pay out a large five digit number of dollars to Hyatt for points based on transactions that probably only net them a couple thousand a year in transaction fees, tops.
”We lose money every time we have a great customer like this, maybe we can make it up in volume?”
Seems like a target rich environment for some data analyst to save their bank money every year if they actually scratched the surface for these kinds of customers. All you would need is 5/24 on your own business cards.